Behrman Capital (Behrman), a private equity investment firm based in New York, has acquired Shur-Co, a manufacturer of cargo covering and cargo control systems and related accessories for the transportation industry. Financial terms of the transaction have not been disclosed.
Headquartered in Yankton, South Dakota, Shur-Co has served its customers for more than 60 years. The Company operates four manufacturing facilities and six service centers across the US, Canada, and the UK, which provide proximity to key customers, channels, and markets. This footprint is complemented by an expansive dealer and sales rep network.
The Company represents a portfolio of market-leading brands (including Shur-Co and Donovan), which serve the agriculture, construction, waste, flatbed, and rail industries. Shur-Co’s commitment to its longstanding customer base is enhanced by its leading engineering and research teams.
Grant G Behrman, Managing Partner of Behrman Capital, says: “Shur-Co is an industry leader supported by its deep relationships with dealers, end users, and OEMs, as well as its high-quality aftermarket and new application parts. We are delighted to partner with the Shur-Co management team and look forward to accelerating the Company’s growth strategy.”
Shur-Co’s management team, headed by President and Chief Executive Officer Terry Tennant, will continue to lead the Company under Behrman’s ownership.
Tennant adds: “We are thrilled to embark on an exciting new chapter for Shur-Co. Today, we offer the industry’s most comprehensive lineup of covering systems, renowned for their quality and durability, and backed by leading innovation and research. Joining forces with the Behrman team will accelerate our momentum, while providing us with the benefit of their deep expertise in specialty manufacturing. I especially want to thank our employees, whose dedication to delivering the highest levels of product quality and customer service have and will continue to drive our success.”